AntWalk, a business-to-business (B2B) experiential skill development platform, has raised $7.5 million as a part of its Series A round led by San Francisco-based venture firm GSV.
The round also witnessed participation from Y Combinator and existing investor Matrix Partners India.
The Bengaluru-based firm plans to utilise this fresh capital infusion to strengthen its Learning Experience Platform (LXP) using gamification, build content pedagogy through R&D, and expand the sales and marketing team to widen the customer base.
Founded in 2019 by former McKinsey consultants, ex-bankers and former educators, Joybroto Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta and Sudhanshu Shekhar, AntWalk is an e-learning company that helps organizations accelerate and transform their learning and development (L&D) model, paving the way for continuous learning by professionals. The startup believes that happy employees make happy workplaces. Its People Growth Platform helps fast-growing companies create high-performance workplaces of the future with employees who ignite businesses and help them lead happier and fulfilling lives.
AntWalk is on a mission to unlock the greater potential of professionals by following a ‘Blended Learning Approach’ and bringing a paradigm shift to their current learning style.
Speaking about the company, Co-founder & CEO of AntWalk, Joybroto Ganguly, said:
"The name ‘AntWalk’ was inspired by the way ants communicate and share intelligence with each other when they walk, reflecting the act of ‘collaborative social learning.’ We are well on our way to building a robust edtech company focused on the global skilling opportunity by leveraging this power of collaborative learning and are excited to partner with GSV Ventures on this journey."
The company aims to rejuvenate enterprise learning and development with a combination of industry-relevant content delivered by over 4,000 global professionals through live group sessions, one-on-one coaching, and gamified content. These global professionals currently work at renowned firms.
Adding further about the platform, Co-founder & Chief Operating Officer, Sriramkumar Sundararaman, said:
"AntWalk offerings are designed to cater to the nuances of an employee’s needs based on the function and role they are in."
Deborah Quazzo, Managing Partner, GSV Ventures, added:
"GSV Ventures is proud to align with Joy and the team who bring passion and purpose to one of the toughest challenges in the corporate world—reskilling and upskilling employees to match dynamic job demands."
Last year in August, AntWak had raised an undisclosed amount in a seed funding round from venture capital firm Matrix Partners India. Early-stage fund Better Capital and serial angel investor CRED founder Kunal Shah also participated in this round.